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Question 3 This is the trial balance of Sunland Company on September 30. SUNLAND COMPANY Trial Balance September 30, 2017 Credit Debit $ 23,850 Cash
Question 3 This is the trial balance of Sunland Company on September 30. SUNLAND COMPANY Trial Balance September 30, 2017 Credit Debit $ 23,850 Cash 7,250 Accounts Receivable 4,820 Supplies 10,720 Equipment 9,450 Accounts Payable 3,820 Unearned Service Revenue 19,650 Common Stock Retained Earnings 13,720 $46,640 $46,640 The October transactions were as follows. Received $1,490 in cash from customers for accounts receivable due. Oct. 5 Billed customers for services performed $5,990. Paid employee salaries $1,220 Performed $600 of services in exchange for cash 10 15 17 Paid $1,850 to creditors for accounts payable due. 20 Paid a $270 cash dividend 29 Paid utilities $450. 31 Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1. Cash 23,850 10/1 Bal. Accounts Receivable 7,250 10/1 Bal. Supplies 4,820 10/1 Bal. Equipment 10,720 10/1 Bal. Accounts Payable 10/1 Bal. 9,450 Unearned Service Revenue 10/1 Bal. 3,820 Common Stock 19,650 10/1 Bal. Retained Earnings 10/1 Bal. 13,720 Journalize the transactions. (If no entry manually. Record journal entries in the order presented in the problem.) required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent Debit Credit Date Account Titles and Explanation
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